Pacer Advisors Inc. cut its position in shares of H & R Block Inc (NYSE:HRB) by 25.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 54,029 shares of the company’s stock after selling 18,701 shares during the quarter. Pacer Advisors Inc.’s holdings in H & R Block were worth $1,276,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HRB. First Trust Advisors LP boosted its holdings in H & R Block by 0.9% during the first quarter. First Trust Advisors LP now owns 340,189 shares of the company’s stock worth $8,144,000 after buying an additional 2,942 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in H & R Block by 92.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock worth $133,986,000 after buying an additional 2,687,319 shares in the last quarter. Rockland Trust Co. boosted its holdings in H & R Block by 8.2% during the second quarter. Rockland Trust Co. now owns 66,952 shares of the company’s stock worth $1,962,000 after buying an additional 5,057 shares in the last quarter. DNB Asset Management AS boosted its holdings in H & R Block by 95.9% during the second quarter. DNB Asset Management AS now owns 121,198 shares of the company’s stock worth $3,551,000 after buying an additional 59,342 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in H & R Block during the second quarter worth $845,000.
A number of analysts recently issued reports on HRB shares. Morgan Stanley lowered their price target on shares of H & R Block from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Barrington Research lowered their price target on shares of H & R Block from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Northcoast Research downgraded shares of H & R Block from a “buy” rating to a “neutral” rating in a report on Tuesday, July 9th. ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, TheStreet downgraded shares of H & R Block from a “b” rating to a “c+” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.00.
H & R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.75) by $0.03. The business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.35 million. H & R Block had a net margin of 13.71% and a return on equity of 305.29%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.72) earnings per share. Equities research analysts anticipate that H & R Block Inc will post 1.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Thursday, September 12th. H & R Block’s dividend payout ratio (DPR) is 48.37%.
H & R Block Company Profile
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions, and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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